Which of the following statements is true
A) Most countries have laws and court procedures protecting intellectual property such as those in the United States.
B) Civil laws tend to be relatively nonspecific.
C) Laws of a country regulate the manner in which business transactions are executed.
D) Global entrepreneurs cannot specify in the contract that any contract disputes will be heard in the courts of another country.

Question

Which of the following statements is true  
A) Most countries have laws and court procedures protecting intellectual property such as those in the United States.
B) Civil laws tend to be relatively nonspecific.
C) Laws of a country regulate the manner in which business transactions are executed.
D) Global entrepreneurs cannot specify in the contract that any contract disputes will be heard in the courts of another country.

Quizplus · Accepted Answer

Laws of a country do regulate the manner in which business transactions are executed. However, A is not true as not all countries have strong laws to protect intellectual property like the US. B is incorrect as civil laws can be quite specific. D is incorrect as global entrepreneurs can specify in the contract that any contract disputes will be heard in the courts of another country through choice of law and forum selection clauses.

Which of the Following Statements Is True